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Oct 9, 2012
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led in terms of the job growth in the city and the state. it's not what we're seeing right now. other sectors are growing more significantly. they're lower wage, lower compensation. in terms of contribution to state revenues, we're talking about, you know, 14% contribution to it state revenues rather than 20% before the downturn. i think we're all trying to figure out what the new normal is going to be president the . t >> meredith whitney says there are more job cuts to come on wall street. are you expecting further job cuts in. >> yes. >> all right. >> hopefully not too many. >> tom, thanks very much. good to see you as always. we get to jackie deangelis know. a news flash on bank of america. >> i want you to look at the intraday chart of bank of america. we saw a little bit of a selloff here at the end of the day. we're down about 1.7% right now. looks to be off the news we got of wells fargo. that seems to be impacting bank of america now. of course, not a great day for the financials in general or the market, that is. again, this stock
led in terms of the job growth in the city and the state. it's not what we're seeing right now. other sectors are growing more significantly. they're lower wage, lower compensation. in terms of contribution to state revenues, we're talking about, you know, 14% contribution to it state revenues rather than 20% before the downturn. i think we're all trying to figure out what the new normal is going to be president the . t >> meredith whitney says there are more job cuts to come on wall...
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Oct 12, 2012
10/12
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the city's building department is scrutinizing the application for the program. this city has asked 157 for more information. xtel, the developer, won't tell us what the nature of those questions are. they haven't responded to our calls for comment. it is unclear whether these tax breaks will be accepted or not. now again, xtel didn't immediately return my e-mails and calls. read all about it at this -- this story and more on indiedwealth@cnbc.com. >> let me ask you a quick question here. these were credits, weren't they, that were being transferred from other buildings but applied to this one? >> correct. they bought a certificate which allowed them to help fund affordable housing in the brooklyn, bronx and our boroughs. in exchange, they got the affordable housing tax breaks in this big tower. the question is did you really get a one-for-one payoff, did it really benefit the city as much as the tax breaks they were receiving. >> and then do these tax breaks actually then go down to the individual buyers of the units? it is the developer who got the tax breaks.
the city's building department is scrutinizing the application for the program. this city has asked 157 for more information. xtel, the developer, won't tell us what the nature of those questions are. they haven't responded to our calls for comment. it is unclear whether these tax breaks will be accepted or not. now again, xtel didn't immediately return my e-mails and calls. read all about it at this -- this story and more on indiedwealth@cnbc.com. >> let me ask you a quick question here....
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Oct 15, 2012
10/12
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when you look at the financials led by citi. take a look at the xlv those big farmer names have continued to produce every week every month. today somebody was out buying 2014, $8 out of the money calls expecting to see more. it was led by the financials. they absolutely were the strong point today. the numbers today were absolutely crushing numbers. not even close and across the board following up with the jp morgan and wells fargo. the rest of the market wanted to follow along. >> there was pressure on the market early. you saw technical bounce. we bounced off the level of friday's lows. everyone was scratching their head saying what was the real catalyst. i don't think there were many. >> the retail sales number showed you the consumer which had been played off for being somewhat dead going into the earnings season has life. with fed q 3 china's numbers should be looked at. the inflation data that came out of china and their export numbers were better than expected. this tells you that at least the rest of the world is a litt
when you look at the financials led by citi. take a look at the xlv those big farmer names have continued to produce every week every month. today somebody was out buying 2014, $8 out of the money calls expecting to see more. it was led by the financials. they absolutely were the strong point today. the numbers today were absolutely crushing numbers. not even close and across the board following up with the jp morgan and wells fargo. the rest of the market wanted to follow along. >> there...
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Oct 1, 2012
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] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> here's something we don't often get to talk about on cnbc, european strengths. europe defeating the u.s. to retain the ryder cup. martin kaymer giving europe the 14th point it needed to retain possession of the cup. that brings us to this morning's "squawk on the tweet." complete the following sentence -- europe may take our ryder cup, but they'll never take our, blank? tweet us. we have a new twitter handl handle, @squawkstreet is the new twitter handle. they'll never take our? >> place of employment refs. >> wasn't it great to see great refs? >> the saints game, even some controversial calls still, although that's -- there's something more comfortable about it knowing it comes from a full-time ref. >> seriously. someone who's got skin in the game with a 401(k) coming -- the new guys. use the ford motor play, the gm union negotiation. the new guys come in, get shafted. the old guys do well. >> they went to a define contribution from defined benefi
] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> here's something we don't often get to talk about on cnbc, european strengths. europe defeating the u.s. to retain the ryder cup. martin kaymer giving europe the 14th point it needed to retain possession of the cup. that brings us to this morning's "squawk on the tweet." complete the following sentence -- europe may take our ryder cup, but they'll never take our, blank? tweet us. we have a new twitter...
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Oct 8, 2012
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more jobs you have in a community, the more income there is to the city so the city can pay for police and fire, fill the potholes, provide other economic development opportunities, health care, housing, all those things that cities perform. >> this is being painted as a panacea and it's not. the market share gains here probably to the expense of other forms of entertainment or casino. also, the two other casinos opened up in ohio last year reported month over month revenue decreases and obviously, the most important thing is a lot of people gambling and losing here probably should be saving and paying down debt. but the bottom line in the near term it is creating jobs and juicing up the tax covers. back to you. >> so brian, i mean, there's no guarantee that the big crowds we see behind you and what seems to be an opening day euphoria of some sort is really going to have any lasting impact based on the economic numbers you brought from the other ohio casinos? >> i think the key is that you just don't know. their argument back to me, pan national, which has one of those other two, says,
more jobs you have in a community, the more income there is to the city so the city can pay for police and fire, fill the potholes, provide other economic development opportunities, health care, housing, all those things that cities perform. >> this is being painted as a panacea and it's not. the market share gains here probably to the expense of other forms of entertainment or casino. also, the two other casinos opened up in ohio last year reported month over month revenue decreases and...
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Oct 16, 2012
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also in the lower tiered cities. in the provinces. according to mckenzie, the latest research, china will build 221 new cities by the year 2025. >> well, nothing can go wrong with that. china must know it needs exactly 221 cities. >> well, you look at the mckenzie research, several pieces of research based on the proprietary data, 221 new cities, it could be growing from mid size villages to mid size towns, mid size to bigger towns. but in total, china will add something like 300 million more urban ite you a urbanites by 2025. >> so investors should stay wrn t within the longer term. >> all right more to come from andrew. >>> resources minister says the boom is over. >> and we'll get the latest read on uk inflation. the rate is expected to fall to its lowest level in three years. >> meanwhile new car sales are sle sliding in europe. >> and we'll be heading out to new york for a preview of johnson & johnson earnings. what one analyst says about the potential impact of the election on the health care sector. >>> and sh
also in the lower tiered cities. in the provinces. according to mckenzie, the latest research, china will build 221 new cities by the year 2025. >> well, nothing can go wrong with that. china must know it needs exactly 221 cities. >> well, you look at the mckenzie research, several pieces of research based on the proprietary data, 221 new cities, it could be growing from mid size villages to mid size towns, mid size to bigger towns. but in total, china will add something like 300...
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Oct 9, 2012
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taxes could leave the city and presumably go to jersey. >> a real hornets nest. funding preschool what this is all about, certainly enviable, important thing for people to do i can get a long list of other thing ease kwally important as well. not sure that people should necessarily be paying all of that more to live in new york. we all know that i think you know the cost of living in new york is pretty high already. >> it's high. obviously, the people that have a lot of money can afford to leave or arbitrage the differences in tax rates by going to offshore havens, texas or florida or delaware, somewhere like that if you think that your going to make things dised a van table joyce to the rich and pay the taxes, they will just hire lawyers and accountants. >> have you tried having no taxes in florida but working in new york? they will find you out, you know. they are ruthless. >> if mitt romney thought it was to his advantage to release his tax returns, we have released them, right? >> okay. i believe you. neil, nice to see you. thank you very much, bob. >>> next
taxes could leave the city and presumably go to jersey. >> a real hornets nest. funding preschool what this is all about, certainly enviable, important thing for people to do i can get a long list of other thing ease kwally important as well. not sure that people should necessarily be paying all of that more to live in new york. we all know that i think you know the cost of living in new york is pretty high already. >> it's high. obviously, the people that have a lot of money can...
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Oct 16, 2012
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remember during the ldc debt crisis in the '80s with citi. citi was one of the first banks in china. the question is, can you turn that into a real stable and profitable franchise? every other quarter we've had noise in their earnings and balance sheet and i think as an analyst i've always wanted to see them make this business run a little bit quieter, if you will. even the write-off of smith barney, that's an ugly thing because it says they didn't make money on that business and in order to sell it, they had to take a loss. >> you know, jim cramer is on the phone, too. jim, i saw what you tweeted about pandit leaving after a terrific quarter which is worrisome. how should we read this? >> i'm listening to mr. whalen and all well and good, you know, pandit finally got it right. this was an absolutely terrific quarter, there was so much that was good here, international was absolutely terrific, you had very good net interest margin. you know, i got to be really blunt about this. i don't know what the heck is going on here. havens i've known si
remember during the ldc debt crisis in the '80s with citi. citi was one of the first banks in china. the question is, can you turn that into a real stable and profitable franchise? every other quarter we've had noise in their earnings and balance sheet and i think as an analyst i've always wanted to see them make this business run a little bit quieter, if you will. even the write-off of smith barney, that's an ugly thing because it says they didn't make money on that business and in order to...
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Oct 8, 2012
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, the more income there is to the city. >> ohio's considered a swing state. right? but unemployment here has been running well below the national average. we look at a few dealers doing their thing here. been below the national average for a while. looks like today a lot of people played hookie. at least 5,000 people have been here. there are a few notes of caution. number one, the two casinos that were open in 2011 already reported year over year decreases in revenue, only open a few months. i also want to point out projections from income taxes from here are already well below what they initially thought when they green lighted these projects. >> brian, where exactly did they build that casino in columbus? >> reporter: well, they wanted it downtown. the city said, no, our downtown is doing well. we want to put it right on the edge of town. this used to be an auto parts manufacturing facility and it had been abandoned for years. so they came in and there wasn't much built up and the state and the city put in extra money to build up around it. the hope is tha
, the more income there is to the city. >> ohio's considered a swing state. right? but unemployment here has been running well below the national average. we look at a few dealers doing their thing here. been below the national average for a while. looks like today a lot of people played hookie. at least 5,000 people have been here. there are a few notes of caution. number one, the two casinos that were open in 2011 already reported year over year decreases in revenue, only open a few...
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Oct 17, 2012
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be needed to work in the city. the proposals would mirror similar standards set for doctors and accountants. >>> shares in citigroup closed up 1.6% after pandit unexpectedly resigned yesterday. reports suggested there were tensions between the former ceo and current chairman michael o'neill over pay and strategy that led the 55-year-old to quit. citigroup stock has lost 10%, but as the former ceo all to blame for the poor performance? pandit was, in fact, handed the mother of all hospital passes when he took over the helm at the end of 2007, and stuart kirk, head of the lex column, joins us. first you have to explain to me, at least, what a hospital pass is. what do you mean by that? >> that's being the thrown the ball. >> it's a rugby term? >> it is. >> this shows my lack of knowledge about rugby. >> it also shows he took a pile of rubbish. >> it was in free fall when he became the ceo and kept on falling to the bottom. >> city has trailed competitors over the period during the recovery where he can't necessarily
be needed to work in the city. the proposals would mirror similar standards set for doctors and accountants. >>> shares in citigroup closed up 1.6% after pandit unexpectedly resigned yesterday. reports suggested there were tensions between the former ceo and current chairman michael o'neill over pay and strategy that led the 55-year-old to quit. citigroup stock has lost 10%, but as the former ceo all to blame for the poor performance? pandit was, in fact, handed the mother of all...
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Oct 18, 2012
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new jeep wrangler. >> it reinforces the special relationship between chrysler and the city of toledo. >> they have put a tremendous amount of new investment into the toledo operations, really gives them a new lease on life. if we were standing here four or five years ago, there was a possibility there would be no jeep toledo operations if the chrysler corporation would have been allowed to fail. >> reporter: three years ago at gm and chrysler slid towards bankruptcy, suppliers like seaway bolt outside of cleveland were forced to lay off workers. since then auto suppliers in ohio have added nearly 4,000 jobs, all part of meeting greater demand because auto sales are now at a four-year high, and more importantly for workers in ohio, the industry is not slowing down. >> it's a blessing to be working in the auto industry. >> nice hours, 40-hour weeks, making tons of cars, everything's good. >> reporter: the bottom line in terms of auto production and the ramp-up that we've seen here in ohio expected to continue for the foreseeable future and there are even some people, guys, who are talk
new jeep wrangler. >> it reinforces the special relationship between chrysler and the city of toledo. >> they have put a tremendous amount of new investment into the toledo operations, really gives them a new lease on life. if we were standing here four or five years ago, there was a possibility there would be no jeep toledo operations if the chrysler corporation would have been allowed to fail. >> reporter: three years ago at gm and chrysler slid towards bankruptcy, suppliers...
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Oct 31, 2012
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the second thing, the water here in atlantic city, is unfit to drink. the utility came out and said you can't wash food with it, you can't drink it, you can't wash cuts with the water because the contamination is so strong here. and we have no word on that going forward. there's still a lot of things that have to be figured out. inspectors are actually coming today to assess the structural soundness of some of these properties. and even if they get that underway, still unclear what's going to happen tomorrow when they try to open their doors. now, caesar's entertainment report earnings after the bell today. so that stock is one that you should watch today. if you're concerned about atlantic city or if you're even looking for any sort of comments about the health of this industry. we're going to be listening closely to that call after the bell today. czr, and we're also going to be watching closely president obama's visit a little bit later today and his tour around with chris christie and what they say about what they've seen on the jersey shore and the
the second thing, the water here in atlantic city, is unfit to drink. the utility came out and said you can't wash food with it, you can't drink it, you can't wash cuts with the water because the contamination is so strong here. and we have no word on that going forward. there's still a lot of things that have to be figured out. inspectors are actually coming today to assess the structural soundness of some of these properties. and even if they get that underway, still unclear what's going to...
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Oct 30, 2012
10/12
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lincoln tunnel is the only way to get in and out of the city. >> in and out of the city. >> let's get you up to speed on what you need to know about the markets and the storm. we have the stock index futures trading this morning. regular stock trading will be closed for a second day today. this is only the second time since 1888 that the new york stock ex-s change has been closed for two days in a row because of a weather. the exchange will be ready to open tomorrow even if it physically can't open trading, and that test will be taking between 9:30 and noon east coast time. president obama declaring the states of new york and new jersey disaster areas, making the states eligible for extra federal aid and the storm closed most of the new york city bridges and tunnels as well as the mass transit system. it is the worst disaster in the 108 years of the subway system in new york city, took on a lot of flooding yesterday. one big question remains the labor department, is it going to be releasing the october jobs report as scheduled on friday morning? the department of labor is still saying
lincoln tunnel is the only way to get in and out of the city. >> in and out of the city. >> let's get you up to speed on what you need to know about the markets and the storm. we have the stock index futures trading this morning. regular stock trading will be closed for a second day today. this is only the second time since 1888 that the new york stock ex-s change has been closed for two days in a row because of a weather. the exchange will be ready to open tomorrow even if it...
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Oct 15, 2012
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later citi earnings released at the top of the hour. we'll talk about the big banks and future of the financials with our guest jim reynolds of loop capital markets. the sweet spot that powers sound decisions. duff & phelps financial advisory and investment banking services. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy
later citi earnings released at the top of the hour. we'll talk about the big banks and future of the financials with our guest jim reynolds of loop capital markets. the sweet spot that powers sound decisions. duff & phelps financial advisory and investment banking services. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while...
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Oct 29, 2012
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if the situation had changed, can the mayor evacuate greater proportion of the city or is he now locked into what he originally said. hundreds of thousands of people find they should have been evacuated but have not been in manhattan. >> any time anyone issues a mandatory or even a recommended evacuation, you should pay heed to it and do it. i'll give you an kpaexample. a friend worked for one of your competitors and said the front side of her building is evacuation a. the back side is not. what should i do. even if i were four blocks away from evacuation a, i would be moving out any way. that's the kind of things that people need to realize. even though evacuation a area may be well defined, it doesn't mean that areas outside are going to be affected too. when you think about manhattan, it's above sea level but not by much. people need to take it seriously. it's not going to destroy buildings in manhattan but it's going to make it very inconvenient, no power, difficult to get groceries and difficult to get around and that's what they need to pay attention to. >> we're so used to in the
if the situation had changed, can the mayor evacuate greater proportion of the city or is he now locked into what he originally said. hundreds of thousands of people find they should have been evacuated but have not been in manhattan. >> any time anyone issues a mandatory or even a recommended evacuation, you should pay heed to it and do it. i'll give you an kpaexample. a friend worked for one of your competitors and said the front side of her building is evacuation a. the back side is...
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Oct 8, 2012
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it's the third largest city in the united states of america. there's no reason that it shouldn't be among the top tier in terms of innovation technology companies that get built. groupon being one example. but at lightbank, we're in over 50 companies. doing amazing things. this is just one more part of the cocktail that gets built that allows us to get great entrepreneurs and great ideas and help get them off the ground. >> eric, from your perspective as venture capitalists and co-founders of groupon, the stock is down more than 50%. i'm being generous. since it ipo'd at the new york stock exchange. i'm wondering what you think went wrong when it came to this issue. >> first of all, we're not here to talk about groupon -- the guy you should talk to is andrew, the ceo. but i think in general, when you look at the recent ipo of facebook, zynga, groupon, there's no question that these companies have been very volatile and investors have bounced around quite a bit over the past few months. and why that is, i'm not an expert in the field and couldn'
it's the third largest city in the united states of america. there's no reason that it shouldn't be among the top tier in terms of innovation technology companies that get built. groupon being one example. but at lightbank, we're in over 50 companies. doing amazing things. this is just one more part of the cocktail that gets built that allows us to get great entrepreneurs and great ideas and help get them off the ground. >> eric, from your perspective as venture capitalists and...
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Oct 26, 2012
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the mgn grande in sin city hoping to do just that. we'll take you live for the latest on mgm's stay well rooms. >>> vegas gets a first today. hotel rooms designed to make you more healthy. the 44 wellness rooms debut at the mgn grande. each room has features designed to reverse jet lag and better regulate your body, while they say removing toxins and allergens. the hope is that health-conscious travelers will pay 20% to 30% more to stay in them. we have the features, co-founder, and president and coo of mgm grande drove the project through. both of them joining us live. thank you for joining us. we actually sent a camera crew to the rooms. >> great. >> the first thing we shot here is the shower. >> yeah. >> that injects -- look at the shower -- injects vitamin c into the stream. what is it for? >> vitamin c is great for your skin and hair and scripps cletr chlorine from water. guest enjoy smoother skin, better hair. >> the lights that mimic dawn and blue flashing lights that remove jet lag. >> the dawn simulator is the scientifically
the mgn grande in sin city hoping to do just that. we'll take you live for the latest on mgm's stay well rooms. >>> vegas gets a first today. hotel rooms designed to make you more healthy. the 44 wellness rooms debut at the mgn grande. each room has features designed to reverse jet lag and better regulate your body, while they say removing toxins and allergens. the hope is that health-conscious travelers will pay 20% to 30% more to stay in them. we have the features, co-founder, and...
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Oct 23, 2012
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farms every year, coming into the cities, needing jobs, so they want the economy to work, and the world to be free and open. so we can be a partner with china. we don't have to be an adversary in any way, shape or form. we can work with them. we can collaborate with them if they're willing to be responsible. they look at us and say is it a good idea to be with america? how strong are we going to be? how strong is our economy? they look at the fact that we owe them a trillion dollars and other people 16 trillion in total including them. they look at our decision to cut back on our military capabilities. a trillion dollars. the secretary of defense called these trillion dollars in cuts to the military devastating. it is not my term. it is the president's own secretary of defense that called them devastating. they look at america's commitments around the world and see what's happening and say, okay, is america going to be strong? the answer is yes. if i am president, america will be very strong. we'll also make sure that we have trade relations with china that work for us. i have watched y
farms every year, coming into the cities, needing jobs, so they want the economy to work, and the world to be free and open. so we can be a partner with china. we don't have to be an adversary in any way, shape or form. we can work with them. we can collaborate with them if they're willing to be responsible. they look at us and say is it a good idea to be with america? how strong are we going to be? how strong is our economy? they look at the fact that we owe them a trillion dollars and other...
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Oct 23, 2012
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we don't believe the headlines will impact monster sales growth in the u.s., however, citi says sales are falling, quote exmonster isn't cheap. we think the fundamental case of strong and profitable growth has weakened considerably. marketing for these drinks continues on the same date monster news breaks. frs energy drink launches a sweepstakes involving pitchman tim tebow. guys, potentially awkward tebow time timing. sue? >> i think an understatement, ms. jane. thank you very much. >>> the dow is down more than 200 points on the trading session, right now down 216, but it was worse. you can blame the latest round of earnings. they are beating on the top line but missing on the revenue side. are investors being too sensitive about earnings? >>> in the next half hour, steve liesman sits down live with former fed chiefable greenspan what is he saying about these market, and this economy? >>> apple ceo tim cook made startling comments about pc sales that should have dell, hp and microsoft shaking in their reboots. i'm going to have those for you and more coming up right after the break.
we don't believe the headlines will impact monster sales growth in the u.s., however, citi says sales are falling, quote exmonster isn't cheap. we think the fundamental case of strong and profitable growth has weakened considerably. marketing for these drinks continues on the same date monster news breaks. frs energy drink launches a sweepstakes involving pitchman tim tebow. guys, potentially awkward tebow time timing. sue? >> i think an understatement, ms. jane. thank you very much....
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Oct 18, 2012
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hinterlands and coming to the cities. so that housing market, unlike in spain, unlike in ireland, can actually be filled by people because there are people moving to the cities. i am more constructive on china. i do believe that we're seeing a trough in the decline right now. >> interesting. hang seng is up eight straight days. the highest level since march. morgan stanley beating expectations. the wall street firm reporting earnings of 28 cents a share, 4 cents ahead. estimate, of course, we've got to work our way through xdva, which for those who aren't familiar. >> the cost of them buying back their debt. >> debt valuation adjustment, dva. >> it becomes more expensive as it gets -- it becomes less expensive the worse things are, the more their spreads widen. their spreads have narrowed. thankfully, we're going to be getting rid of this soon because it really has made it very difficult to do apples to apples comparison. some analysts include it. some don't. investors, some do, some don't. when you get down to it, in ter
hinterlands and coming to the cities. so that housing market, unlike in spain, unlike in ireland, can actually be filled by people because there are people moving to the cities. i am more constructive on china. i do believe that we're seeing a trough in the decline right now. >> interesting. hang seng is up eight straight days. the highest level since march. morgan stanley beating expectations. the wall street firm reporting earnings of 28 cents a share, 4 cents ahead. estimate, of...
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Oct 9, 2012
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china is a microcosm of the world, which is a tale of two cities. large concerns about macroeconomic growth. i tell you, 6% is a lot better than zero. point one. if you look inside these economies, the key concern about china right now is overinvestment potentially in fixed assets, primarily real estate and infrastructure. if you take that and put that aside at the moment, if you look at what's going on in the chinese economy, it's just roaring in terms of its growth. we made an investment recently with a large group. in fact, it's one of the largest investments ever made in alibaba. it's growing quickly with the trend of the penetration of the internet in china. chinese just recently announced they're going to hook up broadband communications to 250 million households in china. that's almost as many people as we have in the united states. >> can yahoo! compete with that? >> they do very different things. alibab, one of the great things about the business is it's a commerce company. it's more like an amazon or ebay than a yahoo! in that it does enor
china is a microcosm of the world, which is a tale of two cities. large concerns about macroeconomic growth. i tell you, 6% is a lot better than zero. point one. if you look inside these economies, the key concern about china right now is overinvestment potentially in fixed assets, primarily real estate and infrastructure. if you take that and put that aside at the moment, if you look at what's going on in the chinese economy, it's just roaring in terms of its growth. we made an investment...
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the company has also been confronting walkouts in eight cities but the numbers have been relatively small. kelly. >> thanks for that, ross. apple has a pretty loyal customer base, perhaps none stronger than in teenagers. 40% of teens own and iphone. 44% own a tablet with the ipad make up three quarters of those devices. kids who plan to buy a new tablet, 43% say they'd be more likely to go with apple if it starts selling a smaller ipad and it's expected to do so sometime this fall. tell us what you think about the loyalty to apple. is it a sign perhaps of saturation? what's it mean for competitors? you can e-mail us here or tweet us. you can also reach us directly. ross? >> still to come on the show, the imf makes its feelings clear on the eurozone. we'll have more details when we come back. we use this board to compare car insurance rates side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to
the company has also been confronting walkouts in eight cities but the numbers have been relatively small. kelly. >> thanks for that, ross. apple has a pretty loyal customer base, perhaps none stronger than in teenagers. 40% of teens own and iphone. 44% own a tablet with the ipad make up three quarters of those devices. kids who plan to buy a new tablet, 43% say they'd be more likely to go with apple if it starts selling a smaller ipad and it's expected to do so sometime this fall. tell...
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Oct 17, 2012
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a lot of focus is on the fact that he was previously the chief of citi holdings which is citi's bad bank and that during the crisis, he had a lot of face time with regulators over deciding what went in there. have you had any interaction with him? >> i don't know him personally, i have not had inter action so i don't have a big reaction. in terms of his background, it sounds like one of his greatest skill sets is dealing with the regulat regulators, dealing with others in washington. that's a sign of the times, i guess. i'm not sure it's particularly healthy, but it seems to be a sign of the times. >> because banks are increasingly run in part by -- >> correct. washington has become the financial center instead of new york. that's a dangerous trend that i want to reverse. >> so do you think it's fair that he appears to be taking the blame from the board for the fact that he was unaware that ben bernanke would reject his application to buy back stocks? that seems to have been a big issue for many on the board, that he got that wrong. he said he was friends with ben bernanke and he wasn't
a lot of focus is on the fact that he was previously the chief of citi holdings which is citi's bad bank and that during the crisis, he had a lot of face time with regulators over deciding what went in there. have you had any interaction with him? >> i don't know him personally, i have not had inter action so i don't have a big reaction. in terms of his background, it sounds like one of his greatest skill sets is dealing with the regulat regulators, dealing with others in washington....
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foot city 100 down three quarters. it was up last week. ibex down just under 1% at the moment. p but bond yields still pretty contains. so what are investors to do at the start of the new trading week? here's some of the thoughts already expressed on cnbc today. >> i think the dollar can trade against the euro. you mentioned the australian dollar. that's a little bit more complicated given that the slowdown in asia that we're seeing and in rba that's cutting rates. so it's only right that the aussie dollar is down. >> three point trade on the italian market, so you sell the 2023 paper, buy the 227 and sell the 2029. >> if they leave the euro, they have down side. my view now is that given the omts and what we're seeing, they're a buy. >> plenty more of course coming up throughout the day. meanwhile in britain, the chance lore george osbourne expected to announce further austerity measures in around 30 minutes. he's presenting his plan at the conservative party conference in birming hachl. beccy meehan has been there and she caught up with the chancellor and asked him if more au
foot city 100 down three quarters. it was up last week. ibex down just under 1% at the moment. p but bond yields still pretty contains. so what are investors to do at the start of the new trading week? here's some of the thoughts already expressed on cnbc today. >> i think the dollar can trade against the euro. you mentioned the australian dollar. that's a little bit more complicated given that the slowdown in asia that we're seeing and in rba that's cutting rates. so it's only right that...
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] get more access with the citi card. [ crowd cheering, mouse clicks ] [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> good morning, and welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick. our top story, the first presidential debate is tonight. this half-hour, we're going to have our own version of a debate. strategists from both sides of the aisle. those two gentlemen that you've seen on our show many times before. democrat jimmy williams is sitting right next to me, and republican joe watkins -- >> he's missing in action. >> you know what, he heard it was jimmy, he said i can't debate that guy. i can't. i'm going to fold like -- he's afraid. that happens. >> he shouldn't be. >> oh, here he comes! >> he's running. >> it's bad to run. >> you're out of breath. >> then you would have a chance. >> not if you run a lot. >> but then you would have a chance. sales at auto nation sailing 23%. mike jackson is the ceo. how you doing? >> j
] get more access with the citi card. [ crowd cheering, mouse clicks ] [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> good morning, and welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick. our top story, the first presidential debate is tonight. this half-hour, we're going to have our own version of a debate. strategists from both sides of the aisle. those two gentlemen that you've...
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meantime, we have the ceo of citi mortgage in the hot seat. while borrows like you may not be getting all the savings passed on to you. >>> as we go to break, take a look at the morning's early movers. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of expe
meantime, we have the ceo of citi mortgage in the hot seat. while borrows like you may not be getting all the savings passed on to you. >>> as we go to break, take a look at the morning's early movers. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. if we want to improve our schools......
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[ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart. >>> welcome back to "squawk box." jim kramer is standing by at the new york stock exchange. did okay yesterday, indicated higher today. it's still working, jimmy? >> yes, it is. the money is still coming in. this is about qe-7 or 8, i have been riveting all morning. what mr. zells said is similar to what steve jobs said before passing away. this is a country where it is just too hard to do business in. >> yeah. i was going to say, you're not much of a golfer guy but a tennis guy, right? >> ryder was just a collapse. >> yeah. we let pollster on -- for me it was going to a shrink or something. it was come peopling but my heart was racing, i had butterflies in my stomach and didn't think it could happen. when it did, i felt hollow after it. >> i had a bunch of guys going to the eagles/giants game. you would have thought either of the games would h
[ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart. >>> welcome back to "squawk box." jim kramer is standing by at the new york stock exchange. did okay yesterday, indicated higher today. it's still working, jimmy? >> yes, it is. the money is still coming in. this is...
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but of course they want to block off the city that there will be any impromptu protests over the next couple of hours and they can't rule out that there will be clashes with the police as more and more people are trying to stream into the city center. >> carolyn, thank you very much. ap tha we'll check back with you later in the morning. >>> in the meantime let's turn other attention to what's happening in the stock market. we had a low volume session yesterday. but take the bond market gets back to work after a three day holiday. and by the way, in case you didn't remember, take is the fifth anniversary muof the dow d s&p 500 reaching an all-time high. kevin ferry joining us. we've gotten back near the all-time highs, but what would you say just in terms of what's happened over the last five years and where you think this is setting us up for. >> hard to hold, right? heading in the right direction, but difficult to stay on board. so in the near term, we talked about last week silver getting hit, it lost about a dollar from there. and you did reach 1465, 66, in the s&p on friday, but
but of course they want to block off the city that there will be any impromptu protests over the next couple of hours and they can't rule out that there will be clashes with the police as more and more people are trying to stream into the city center. >> carolyn, thank you very much. ap tha we'll check back with you later in the morning. >>> in the meantime let's turn other attention to what's happening in the stock market. we had a low volume session yesterday. but take the bond...
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thousands of police around the city. simon hobbs, that did not stop the protesters at all. >> absolutely. i will show you three symbolic acts as the most dominant figure in the european crisis went to the economy that the critics argue she is destroying through austerity. this is probably what will be on the front paging tomorrow morning. on the square next to parliament four people dressed in military uniforms riding and waving black and white and red swastika flags and stuck their hands out in a nazi salute. a lot of banners reading merkel out, this is not a european union, this is slavery. this is an image with huge potency around europe. the second is angela merkel at the news conference stood next to the greek prime minister. symbolic for two reasons. on the one hand she is saying i am a good european and i won't force you out of the eurozone. we have given you lots of money and on the second, particularly important, at home she is saying there will be no more money for you. this isn't a transfer union. there you se
thousands of police around the city. simon hobbs, that did not stop the protesters at all. >> absolutely. i will show you three symbolic acts as the most dominant figure in the european crisis went to the economy that the critics argue she is destroying through austerity. this is probably what will be on the front paging tomorrow morning. on the square next to parliament four people dressed in military uniforms riding and waving black and white and red swastika flags and stuck their hands...
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so what are you expecting from the ecb, when will they move next? >> i think today will be a monday event. the market is not pricing any in move. if there's going to be a change in policy, it will happen probably towards the end of the year and then most likely forecast also another change in the first quarter much next year. so it's all about expectations for the future. >> how do you trade around those expectations? >> the way to trade around it is to carry. the ecb has carry rich. you have on libor a quite steep structure. and so what we expect our baseline scenario to profit from long positions there. >> let's put this into the context of what's going on. we have the central banks and developed markets, the bank of englands as well today, most people agree that we won't get anything from the bank of england until november, december. any thoughts there? >> i think with regards to the fmoc minutes, what we'll get is most likely some sort of sense for unhappiness with regards to the measures that have been taken, the effectiveness of those measures
so what are you expecting from the ecb, when will they move next? >> i think today will be a monday event. the market is not pricing any in move. if there's going to be a change in policy, it will happen probably towards the end of the year and then most likely forecast also another change in the first quarter much next year. so it's all about expectations for the future. >> how do you trade around those expectations? >> the way to trade around it is to carry. the ecb has...
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we have the results from citi today. we'll get numbers from bank of america on wednesday. as well as goldman sachs. plus tech numbers from bell weathers, tech and ibm. google and microsoft out later in the week. >> a lot more as well. let's dig into "closing bell exchange "with jeff, michael of poerlt foal yoe family of funds, our own jeff cox and our own rick santelli. michael, you're looking at uncertain time. you want to stay defensive and stay as diversified as possible because you're not sure what the earnings will produce, is that true? . >> while that's true with equity market, cautiously optimistic with stocks. a lot of liquidity on the sidelines and a general negative sentiment among a broad swath of investors, that's a good point to get into equities and be there for the long term. if corporate earnings fall down, we don't get the right political environment, the wrong forecast in growth stories, then stocks could fall from here. they're very reasonably priced right now. >> jeff, what about the momentum behind this market, do you really want to get in front of th
we have the results from citi today. we'll get numbers from bank of america on wednesday. as well as goldman sachs. plus tech numbers from bell weathers, tech and ibm. google and microsoft out later in the week. >> a lot more as well. let's dig into "closing bell exchange "with jeff, michael of poerlt foal yoe family of funds, our own jeff cox and our own rick santelli. michael, you're looking at uncertain time. you want to stay defensive and stay as diversified as possible...
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whether it be radio shack, the old lafayette, circuit city. i remember when sharp was running circuit city. when i shop at best buy now, it is absolutely true, you call them, you deal with them and you just say wow, i would rather have amazon deliver the product to my house. >> there's also linens and things, bed, bath and beyond is now the best retailer. how does bby in everything that's kmod advertised. i wonder if there's room for any kind of return. >> bed bath, the stock was down hideously. it's taking out the millennium day. i have a bed bath that's very close to me. it's the first one, they're a jersey company, and i keep trying to price what amazon has, this is an impulse place, it does a lot of couponing. jc penny moves away from coup couponing. i do think that best buy in the end makes easily checkable products. what is that samsung? what number did you have on that tv? and then i go to amazon, i go to best buy. i price compare. i had the misfortune of trying to buy 60 inch best buy tv. i not that long ago, i wanted to do it on the p
whether it be radio shack, the old lafayette, circuit city. i remember when sharp was running circuit city. when i shop at best buy now, it is absolutely true, you call them, you deal with them and you just say wow, i would rather have amazon deliver the product to my house. >> there's also linens and things, bed, bath and beyond is now the best retailer. how does bby in everything that's kmod advertised. i wonder if there's room for any kind of return. >> bed bath, the stock was...
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boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi® card to get the benefits of private pass. more concerts. more events. more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with a citi card. [ crowd cheering, mouse clicks ] bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. between listening to the numbers... ...and listening to your instinct duff & phelps finds the sweet spot that powers sound decisions. duff & phelps financial advisory and investment banking services. >>
boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi® card to get the benefits of private pass. more concerts. more events. more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with a citi card. [ crowd cheering, mouse clicks ] bp has paid overthe people of bp...
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also claims to the deal won't bring net benefits to the country. supporters say that the government has been short on the precise reasons as to why they have blocked this deal and they have been short on transparent city. what we know is petro bass has 30 days in which to adjust the terms before a final decision is made. speaking to us here the energy minister was very pragmatic and there were alternative investments that malaysia could pursue. >> if we have an opportunity to i in-vest in canada, of course we will be happy. on the other hand, if canada finds that such investment is not welcome, then we will go to other countries. >> at $5.2 billion, this isn't a blockbuster deal. but if the progress does fall over, it could spell trouble for the $15.1 billion acquisition of maximenergy. the other is the broaden asian angle. canada cannot afford to ignore asia and the massive demand. >> public opinion poll shows a lot of unease, but it's ironic because what the prime minister of canada stephen harper has been in asia recently a couple weeks ago the
also claims to the deal won't bring net benefits to the country. supporters say that the government has been short on the precise reasons as to why they have blocked this deal and they have been short on transparent city. what we know is petro bass has 30 days in which to adjust the terms before a final decision is made. speaking to us here the energy minister was very pragmatic and there were alternative investments that malaysia could pursue. >> if we have an opportunity to i in-vest in...
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boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi® card to get the benefits of private pass. more concerts. more events. more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with a citi card. [ crowd cheering, mouse clicks ] >>> on a down day, the hard drive makers are the biggest losers. western digital reporting a first quarter bead. weak pricing and delays because of windows 8. you can see today it gets a sell rating over at capital iq on the back of those earnings. and seagate technologies reports next week, and it's suffering clit ral damage there. >> thanks a lot, bertha. today's selloff started overseas, and now there's only a few moments left in europe's trading day. going to be interesting to see how it affects us here in the u.s. >>> simon hobbs, art cashin made the point earlier on, if you need to sell, sometimes you go where the market is sti
boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi® card to get the benefits of private pass. more concerts. more events. more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with a citi card. [ crowd cheering, mouse clicks ] >>> on a down day, the hard...
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as represented as well in the foot city global 300. up for the highs for the session up 15 points. ftse up around 3% for the quarter. today it is up if you take a look at it up a percent at the moment. ibex currently up 1.3%. bond yields coming down today. so in terms of spain and italy, which is the ones we're focused on, below 6% for spanish 1e7b year, yields lower in italy, as well.year, yields lower in italy, as well. occurrence ci euro dollar has bounced up during the session. dollar-yen 78. aussie dollar was dragged lower by those china pmis. again, just bounced off those lows. sterling slightly weaker on the back of the uk manufacturing pmi numbers that we also have out this morning. so that's where we are in the european session. let's recap the nation trading day. all the details out of sync pore. >> asian markets under pressure today, but volume was light because of the respective holidays. there are ongoing concerns in spain, aussie dollar rebounded a little, but under pressure ahead of tomorrow's rba reading. benchmark ended just a touch higher helped by banks. steel ma
as represented as well in the foot city global 300. up for the highs for the session up 15 points. ftse up around 3% for the quarter. today it is up if you take a look at it up a percent at the moment. ibex currently up 1.3%. bond yields coming down today. so in terms of spain and italy, which is the ones we're focused on, below 6% for spanish 1e7b year, yields lower in italy, as well.year, yields lower in italy, as well. occurrence ci euro dollar has bounced up during the session. dollar-yen...
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city you don't think. brooklyn? >> yeah, it is. i lived in brooklyn for a long time. >> it's a busy morning here. we're waiting for quarterly results from jb more again and wells fargo. plus we're talking about last night's presidential debate. and we're accepting a call of arms of sorts. the mission is to overt the fiscal cliff and even handle some of our long term debt problems because they go hand-in-hand, i think. you can't solve one without solving the other. steve liesman sat down with lloyd blankfein, also alan simpson and erskine bowles. and they set the stage warning of the high stakes for the country and the economy if we don't work this out and the markets. >> somebody could comes to you and says you need play 5% more on your income taxes in order to solve the deficit, are you in favor of that? >> of course. let me use my formulation. if you paid 5% more, you would solve the problem in a heartbeat. i don't know anybody who wouldn't pay that kind of price to benefit our country. the questions tha
city you don't think. brooklyn? >> yeah, it is. i lived in brooklyn for a long time. >> it's a busy morning here. we're waiting for quarterly results from jb more again and wells fargo. plus we're talking about last night's presidential debate. and we're accepting a call of arms of sorts. the mission is to overt the fiscal cliff and even handle some of our long term debt problems because they go hand-in-hand, i think. you can't solve one without solving the other. steve liesman sat...
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new york city only getting up to 55 for the day. a little bit of wet weather here throughout the carolina, down into florida. middle of the nation looks pretty quiet from st. louis to dallas. watch out for rain coming into the midwest later today. back to you. >> thank you very much. let's talk about the election if we could. joining us now, chief washington correspondent john harwood. good morning to you, sir. >> good morning. where were the highlights about the nationals some? >> i was happy to see it. i could feel it coming, too, because they were down 2-1. and i've seen st. louis enough. a great team, they won last year, but -- >> they won last year. and our closer shut the cardinals down. pretty impressive. almost as impressive as the reds going up 2-0. >> would it be more disappointing if you would win the series and then lose badly to the reds? how would you like to play out? might be better to lose now. >> last time i checked -- >> one game better. that's like your two touchdowns -- >> home field advantage, baby. >> like you
new york city only getting up to 55 for the day. a little bit of wet weather here throughout the carolina, down into florida. middle of the nation looks pretty quiet from st. louis to dallas. watch out for rain coming into the midwest later today. back to you. >> thank you very much. let's talk about the election if we could. joining us now, chief washington correspondent john harwood. good morning to you, sir. >> good morning. where were the highlights about the nationals some?...
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citi calls it a nice beat. says they can probably effectively grow revenues during this transition without the key is whether or not they grew on the user experience in the meantime. >> i think that one of -- this call unlike the last one was full of facts. data which indicates advertisers like it. a bold claim. 40% of users are likely to use facebook with desk top but 70% use it on mobile which is why proctor & gamble reports tomorrow. walmart. amazon. capital one with the best bank quarter all like facebook. i wouldn't be surprised if gm didn't want to come back on facebook and maybe they say, hey, nice to meet you. we're going with the other guys. >> there is a concern though that too many sponsored stories hitting a communications device and people start to say you are loading me up too much here. they want a run rate. at $1 million a day. they went to $3 million a day. they gave us numbers they had never done. they said they won't again. at least it gives some people a sense as to ramping of this significa
citi calls it a nice beat. says they can probably effectively grow revenues during this transition without the key is whether or not they grew on the user experience in the meantime. >> i think that one of -- this call unlike the last one was full of facts. data which indicates advertisers like it. a bold claim. 40% of users are likely to use facebook with desk top but 70% use it on mobile which is why proctor & gamble reports tomorrow. walmart. amazon. capital one with the best bank...
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he needs the urban cities in ohio to turn out with big, big numbers. otherwise this thing gets very tricky for the president. >> yesterday, eamon, cnn opinion research had obama up four in ohio. but another poll, arg had romney up one. there's a new poll out today, came out today, survey usa has obama up one, 45% to 44% in ohio. >> i guess it depends on how many democrats you poll and how many republicans. >> that's true too. >> and that's why the debate is so important. because that deals with the energy and enthusiasm of your political base and that gets the turnout. if democrats are feeling muted and down beat after the debate, they might not be as fired out to go out and get their friends and rent a van and go to the polling place. the same thing with the republicans on the flip side. the enthusiasm and turnout on the base is going to matter in ohio. >> eamon, thank you. >> you bet. >> okay. are you a nationals fan? >> i'm -- i'm not. i'm not a baseball guy. so, but they're having a good year down here and redskins are doing all right too. >> yeah,
he needs the urban cities in ohio to turn out with big, big numbers. otherwise this thing gets very tricky for the president. >> yesterday, eamon, cnn opinion research had obama up four in ohio. but another poll, arg had romney up one. there's a new poll out today, came out today, survey usa has obama up one, 45% to 44% in ohio. >> i guess it depends on how many democrats you poll and how many republicans. >> that's true too. >> and that's why the debate is so important....
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Oct 12, 2012
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they see president obama and new york city the same day netanyahu is, instead of meeting him goes on a daily talk show. they see when we say that these options aren on the table, the secretary of defense walk them back. they are not changing their mind. that's what we have to do is change their mind so they stop pursuing nuclear weapons. >> how do you do it so quickly? look you both saw benjamin netanyahu hold up that picture of a bomb with a red line and talking about the red line being in spring. so, can you solve this? if the romney/ryan ticket is elected, can you solve this in two months before spring and avoid nuclear -- >> we can debate the timeline, whether there's -- it's that short of time or longer. i agree that it's probably longer. number two, it's all about -- >> you don't agree with that bomb and what the israelis want to do -- >> i don't want to go into classified stuff but we both agree that to do this peacefully you have to get them to change their minds. they're not changing their minds and look at what this administration does. >> let me tell you what the ayatollah
they see president obama and new york city the same day netanyahu is, instead of meeting him goes on a daily talk show. they see when we say that these options aren on the table, the secretary of defense walk them back. they are not changing their mind. that's what we have to do is change their mind so they stop pursuing nuclear weapons. >> how do you do it so quickly? look you both saw benjamin netanyahu hold up that picture of a bomb with a red line and talking about the red line being...
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Oct 11, 2012
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for new york to be specific for the city, what you can expect today, temperatures going to 53 by noon. we can expect a few more clouds into the afternoon and evening. temperatures going up just a little bit by 6:00 p.m. popping out around 55. and then into the late night hours, we can expect skies to be hazy, but then the clouds moving in around midnight. 52. from the northeast out to the west, that's really the sore spot in terms of rough weather around the country. we have the heavy rain, strong winds. might have backups for you at l.a.x. where temperatures today expecting to go to 70 degrees. along the channel, heavy rainfalls. san francisco, scattered showers there possibly, but that should kind of give way to some pretty between conditions in the afternoon. and the mys in nevada, thunderstorms to deal with and that may be the situation in reno. but for l.a., scattered showers and 67 degrees. by nighttime, we're going right back down into the low 60s. possibly some marine layer by tomorrow morning. that's a quick snapshot of your forecast. back to you in new york. >> thank you ver
for new york to be specific for the city, what you can expect today, temperatures going to 53 by noon. we can expect a few more clouds into the afternoon and evening. temperatures going up just a little bit by 6:00 p.m. popping out around 55. and then into the late night hours, we can expect skies to be hazy, but then the clouds moving in around midnight. 52. from the northeast out to the west, that's really the sore spot in terms of rough weather around the country. we have the heavy rain,...
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Oct 17, 2012
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better. >> right. >> and that's one of the things citi stock has not done and b of a has add big run year-to-date. if it doesn't keep performing well, you'll probably start hearing more talk about brian moynihan regardless of how well he's doing on the fundamental side. >> jeff, how comfortable were you yesterday with how this news of vikram pandit's ouster was announced or completed by the board? seemed to have happen obviously literally seemed to happen overnight and happened overnight. does it make you anxious, nervous, are you happy about it? how do you feel? >> no, it definitely makes me nervous. any time you get a management departure quickly kind of suddenly like that, it implies there's some underlying problem. now, last night on the conference call, you know, both the chairman and the new ceo said up and down in a very regfd forum, there's no issues, nothing coming on settlement front implying libor. i think if that's the case, it's not concerning. i think it's a little disappointing because i think vikram had the company moving in the right direction. but he's good. i don't
better. >> right. >> and that's one of the things citi stock has not done and b of a has add big run year-to-date. if it doesn't keep performing well, you'll probably start hearing more talk about brian moynihan regardless of how well he's doing on the fundamental side. >> jeff, how comfortable were you yesterday with how this news of vikram pandit's ouster was announced or completed by the board? seemed to have happen obviously literally seemed to happen overnight and...
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Oct 23, 2012
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did any of that change tonight even on the margin? >> i think when you talk about veterans, they come from every part of our country, suburban, rural, and city, and i think the president understands if you're commander in chief, you take care of those fighting for our democracy and i think we shouldn't under estimate both the first lady and the president's commitment to our troops. they understand when you are commander in chief and you order people into battle and you have to protect them, not only in battle but when we come home, and that's important issue for all of americans, and the president is an outstanding record at fighting for the men and women that wear the uniform of our country. >> and he communicated that tonight, governor. good to have you on the problem. thank you so much. we appreciate your time. let's get back to boca and john harwood and a special guest. john, over to you. >> i want to make one point before i go to our special guest, that is the tone you were talking about from mitt romney at laying back and haimsa
did any of that change tonight even on the margin? >> i think when you talk about veterans, they come from every part of our country, suburban, rural, and city, and i think the president understands if you're commander in chief, you take care of those fighting for our democracy and i think we shouldn't under estimate both the first lady and the president's commitment to our troops. they understand when you are commander in chief and you order people into battle and you have to protect...
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Oct 23, 2012
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speaking at the event. who is your special guest? >> my special guest is gary gensler who reports as the chairman of the cftc. thanks for joining us. >> so good to be with you mary. >> pretty important month october 12th you began the registration for swap dealers. what does this mean for investors? >> it means this vast market the swaps market is coming under some of the similar forms that the securities and futures market had since the 1930s. it's going to bring transparency in the markets and ultimately i think lower costs to investors as there's more competition in these markets. >> that being said, there's already been some pushbacks specifically from some of the foreign banks who would have to register if they want to do business with u.s. banks, just today in the "wall street journal" there's a bank in sweden and singapore saying they're not going to do it. how do you make sure the foreign banks are in line with the u.s. banks so all the regulation has a level playing field? >> well, i like your word
speaking at the event. who is your special guest? >> my special guest is gary gensler who reports as the chairman of the cftc. thanks for joining us. >> so good to be with you mary. >> pretty important month october 12th you began the registration for swap dealers. what does this mean for investors? >> it means this vast market the swaps market is coming under some of the similar forms that the securities and futures market had since the 1930s. it's going to bring...
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. ♪ ...to our city streets... ♪ ...to skies around the world... ♪ ...northrop grumman's security solutions are invisibly at work, protecting people's lives... [ soldier ] move out! [ male announcer ] ...without their even knowing it. that's the value of performance. northrop grumman. >>> how do you live knowing that the world's most powerful islamic cleric want use dead? salman rushdie lived under a threat of being killed. it's all because of a book he wrote, "the satanic verses." did you think you were going to die? >> at the very beginning of it, yeah. almost certainly because i knew the nature of the beast, you know. i knew there had been assassinations carried out in europe of the supposed opponents of the regime. they saw it as a lemg mat extension of their rule. >> and you couldn't have imagined that you would get, i'm guessing, the kind of protection that would allow you to be safe. i had no idea what i would get if anything. the whole thing was unimaginable. it put me in a position where i literally didn't understand the shape of my life anymore and then i thought there probably is
. ♪ ...to our city streets... ♪ ...to skies around the world... ♪ ...northrop grumman's security solutions are invisibly at work, protecting people's lives... [ soldier ] move out! [ male announcer ] ...without their even knowing it. that's the value of performance. northrop grumman. >>> how do you live knowing that the world's most powerful islamic cleric want use dead? salman rushdie lived under a threat of being killed. it's all because of a book he wrote, "the satanic...
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Oct 14, 2012
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the city's hoping this hotel that opened last month will help revitalize the area, but an empty arena turning a profit devilishly difficult. >> it doesn't feel good is an understatement. it's depressing. but it's good the city wants to press on. >> reporter: the lockout was imposed after a collective bargaining agreement expired. the issue as always is money, how to divide the profits. businesses hope a solution comes quickly. >> hopefully it's going to have a resolution, hopefully sooner than later. >> reporter: new jersey senators are urging both sides to come to an agreement and fast. they note the stoppage could mean millions in lost revenue at a time when the state's unemployment rate is at a 30-year high. susan candiotti, cnn, new york. >>> tired of being tagged in pictures that you don't like of yourself on facebook, pressure by regulators is causing the social media site to make some pretty serious changes. we'll tell you what they are and who may not like it. anncr: every president inherits challenges. few have faced so many. four years later... our enemies have been brought
the city's hoping this hotel that opened last month will help revitalize the area, but an empty arena turning a profit devilishly difficult. >> it doesn't feel good is an understatement. it's depressing. but it's good the city wants to press on. >> reporter: the lockout was imposed after a collective bargaining agreement expired. the issue as always is money, how to divide the profits. businesses hope a solution comes quickly. >> hopefully it's going to have a resolution,...
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Oct 31, 2012
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they have large parts of the city under water. you have national guard now, thank god, helping to rescue people out of their homes. there's nowhere to go. there's a stench of gasoline in the water as well. so you have a real challenge to the city here. >> tell me a little bit about the flooding there. the mayor of hoboken is practically begging for the national guard. i'll play a little bit of what she said. >> i'm asking for the national guard to come in. we are desperate for the national guard to come in. we need their specialized equipment to be able to get to our city streets to be able to safely get the people and evacuate those out of -- >> ask for the national guard. >> i've been asking them. there's a chain of command. we've been going through the process. >> what have you been hearing? >> they're coming. they're coming. they're coming. but they're not here. >> the national guard now is there. how would you assess the response to this terrible storm in that area? >> well, obviously, when you have the mobilization of a stat
they have large parts of the city under water. you have national guard now, thank god, helping to rescue people out of their homes. there's nowhere to go. there's a stench of gasoline in the water as well. so you have a real challenge to the city here. >> tell me a little bit about the flooding there. the mayor of hoboken is practically begging for the national guard. i'll play a little bit of what she said. >> i'm asking for the national guard to come in. we are desperate for the...
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Oct 18, 2012
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one commander in the besieged southern city of homs and rebel success in the north. in the north assad has his arms, cut off, he says. libya is mountainous with trees. rebel kz use anti-aircraft weapons with ease. they can hit tanks as the ground there is helpful to them. you can hear the bombing behind him. the pressure is still ownering but scenes of success, which used to be so rare and short-lived, are now more common. as are questions as it how long the regime's military supremacy will last. nick peyton walsh, cnn, beirut. ♪ to look at [ sighs ] ♪ oh, he's shaggy ♪ and he eats like a hog [ male announcer ] the volkswagen jetta. available with advanced keyless technology. control everything from your pocket, purse, or wherever. that's the power of german engineering. ♪ that dirty, old egg-suckin' dog ♪ starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. >>> let's take you now live to where republican vice presidential can
one commander in the besieged southern city of homs and rebel success in the north. in the north assad has his arms, cut off, he says. libya is mountainous with trees. rebel kz use anti-aircraft weapons with ease. they can hit tanks as the ground there is helpful to them. you can hear the bombing behind him. the pressure is still ownering but scenes of success, which used to be so rare and short-lived, are now more common. as are questions as it how long the regime's military supremacy will...
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] get more access with the citi card. [ crowd cheering, mouse clicks ] [ male announcer ] get more access with the citi card. i"i'm not in favor of a a$5 trillion tax cut. that's not my plan." mitchell: "the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over 10 years." vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private flight from the international space station. >> liftoff of the space x falcon 9 rocket. launching dragon to the international space station and returning cargo -- >> the unmanned capsule called dragon is on its way to the
] get more access with the citi card. [ crowd cheering, mouse clicks ] [ male announcer ] get more access with the citi card. i"i'm not in favor of a a$5 trillion tax cut. that's not my plan." mitchell: "the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over 10 years." vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the...